Finance
£1m bridging loan completed in 48hrs
A London-based lender has reportedly pulled off a lickety split, 48 hour turnaround on a £1.05m bridging loan, enabling a client to acquire a £1.7m apartment in Belgravia against all the odds.
Monty on the Money: Prime time for HNWs as mortgage rates fall
In his first column for PrimeResi, mortgage maestro Andrew Montlake looks at the prospects for HNW borrowers in 2013...
Serviced apartment rents rocket 25% in a year
London’s market for serviced apartments is officially booming, with rents rocketing on the burgeoning number of short term accommodation options in the capital, according to CBRE.
Oakmayne targeted by Ministry of Sound undercover recording
Oakmayne, the luxury property developer behind Cornwall Terrace, has been the victim of a well-timed sting operation by nightclub behemoth Ministry of Sound
Fishy forecasts: property predictions are “erroneous and complacent”
Research carried out for the UK-based Investment Property Forum has questioned the reliability of UK property market forecasts, claiming they "overestimated capital growth and total returns in poorly …
Client-Side: The quest for an honest profit in prime(ish) London
In the third installment of Alan Page's "Do-Er Upper Diary", the serial renovator and buying-agent-turned-client continues his search for a property with the x-factor...
Who’s buying 90 Long Acre?
Residential developer of the moment Native Land has been named by Property Week as the preferred bidder to purchase one of the most prominent office buildings in Covent Garden, for a reported £165m.
Enness Private Clients appoints Sales Director
Mortgage brokerage Enness Private Clients has appointed Dean Spendiff as Sales Director
Cordea Savills’s resi fund starts spending
Cordea Savills's first London Residential Development Fund has started buying, spending £40m on two adjacent properties in Chelsea.
Osborne stamps-out stamp duty dodging
The number of £2m+ homes being bought through the offshore company tax-dodge has plummeted by 80% since March's budget, according to the FT.
Finance Bill introduces annual property levy and extends capital gains tax reach
The new Draft Finance Bill includes, as feared, a bunch of new property taxes: there's a new annual levy for non doms with homes worth over £2m, and an extension to capital gains tax, at 28%, for "non-residential …
Required Reading: The Finance Bill 2013 for HNWs
The Government's Finance Bill 2013, published today, confirms that the proposals announced in March this year are coming into force in April 2013